SpaceX agrees to buy Cursor parent Anysphere for $60 billion

Cris Tolomia

Tue, June 16, 2026 astatine 6:28 AM CDT 2 min read

Space Exploration Technologies Corp. agreed to get Anysphere, Inc., the genitor institution of AI coding instrumentality Cursor, successful an all-stock woody valuing the startup astatine $60 billion, the institution said Monday.

Under the presumption of the merger agreement, each stock of Cursor's communal and preferred banal volition person into SpaceX Class A communal stock, with the speech ratio determined by the volume-weighted mean closing terms of SpaceX banal implicit the 7 trading days instantly earlier the woody closes, the institution said. SpaceX expects the transaction to adjacent during the 3rd 4th of 2026, pending regulatory approvals.

SpaceX announced an enactment to get Cursor for $60 cardinal earlier this year, alongside an alternate statement nether which SpaceX would wage $10 cardinal for collaborative enactment if it chose not to workout the acquisition option. Monday's filing confirms SpaceX has moved to implicit the outright acquisition.

At the clip SpaceX announced the option, Cursor was successful the mediate of raising a $2 cardinal backing circular that would person valued the institution supra $50 billion, with Andreessen Horowitz, Nvidia, and Thrive Capital acceptable to participate. The $60 cardinal woody terms exceeded that figure. Cursor's astir caller backing circular — a $2.3 cardinal Series D closed successful November — had pegged its valuation astatine $29.3 billion, up from $2.5 cardinal astatine the commencement of 2025.

Microsoft had examined a imaginable acquisition of Cursor earlier the SpaceX statement emerged, according to CNBC, but yet decided against submitting a ceremonial bid. Cursor had besides rebuffed 2 abstracted approaches from OpenAI, with the startup's enactment having prioritized remaining independent.

The concern betwixt SpaceX and Cursor had been taking signifier successful the weeks earlier the enactment was announced. Cursor had drawn connected tens of thousands of xAI chips to bid its newest model, and 2 elder Cursor engineers departed to instrumentality roles astatine xAI. Earlier this year, SpaceX folded xAI — Elon Musk's AI task — into its operations.

The merger statement was signed connected June 16, 2026, and filed with the Securities and Exchange Commission the aforesaid day. SpaceX CFO Bret Johnsen signed the filing connected behalf of the company.